Thread regarding Wells Fargo & Co. layoffs

Layoff timeline question

Can a team post for a lower level job (P4) , and layoff someone at P5 around the same time? If there a time period they must wait before they can pay someone off after a new hire?

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Post ID: @OP+1vNPCwno

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There is no rule/requirement (not even the 6 months as a lot of people believe).
See https://www.shrm.org/topics-tools/tools/hr-answers/how-long-eliminating-position-wait-filling-position

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Post ID: @1gcq+1vNPCwno

Yes. Only requirement is a displaced position cannot be filled or posted for 6 months.

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Post ID: @jbw+1vNPCwno

Probably gets posted before the ink on your severance package is dry.

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Post ID: @jhv+1vNPCwno

If all else is equal, no. However l, they can lay someone off in a non-core location and open a req in a core market.

Otherwise, most LOBs are approaching hiring freezes so they'll just take the savings

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Post ID: @ahj+1vNPCwno

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